Firms use acquisition cost valuations and adjusted acquisition cost valuations for which of the following types of assets?
a. Assets that do not have fixed amounts of future cash flows.
b. Assets that have fixed amounts of future cash flows.
c. Assets with certain future economic benefits.
d. monetary
A
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Which of the following statements about using the direct labor hour method of applying factory overhead to production is false?
a. It may not be as accurate as the direct labor cost method if factory overhead primarily consists of items more closely tied to employee wages, such as benefits. b. The application base could be substantially smaller than when direct labor cost is used. c. It is the most appropriate method for a highly automated department. d. The amount of factory overhead applied is not affected by the mix of labor rates.
Pattern, Inc enters into a contract to deliver 10,000 units of raw materials to Phoebus, Inc Pattern delivers the raw materials two days after the delivery date. Pattern offers to pay damages based on a clause in the contract
What type of damages is Pattern paying? A) liquidated B) compensatory C) punitive D) nominal
With the multiplicative seasonal method of forecasting:
A) the times series cannot exhibit a trend. B) seasonal factors are multiplied by an estimate of average demand to arrive at a seasonal forecast. C) the seasonal amplitude is a constant, regardless of the magnitude of average demand. D) there can be only four seasons in the time-series data.
Dummy activities may be needed in Activity-On-Node networks to preserve precedence relationships between activities
Indicate whether the statement is true or false